Dossier
plutocrats
Coverage of plutocrats in the Nexus archive.
- When it comes to taxing the super rich, there’s no need to reinvent the wheel
The article discusses the challenges of taxing billionaires effectively, highlighting California's proposed one-time 5% tax on fortunes over $1 billion. It critiques the existing system for allowing the wealthy to avoid income taxes through loopholes and exceptions, while noting the growing influence of billionaires in AI development.